SouthState Bank Corporation (NYSE: SSB) released its unaudited financial results for the three- and nine-month periods ended September 30, 2026. The company reported diluted earnings per share (EPS) of $2.30 and net income of $224 million for the third quarter. Adjusted diluted EPS was also reported at $2.30. The bank reported a return on average common equity of 9.7% and a return on average assets (ROAA) of 1.29%.
On the balance sheet, loans increased by $1.2 billion, or 9%, compared to the prior quarter, and deposits increased by $1.3 billion, or 9%. The company reported a net interest margin of 3.77% (non-tax equivalent) and 3.78% (tax equivalent). Noninterest expense increased by $17 million compared to the prior quarter, primarily due to increases in salaries and employee benefits, including July 1 merit increases and higher incentive accruals.
SouthState repurchased 250,000 shares during the quarter at a weighted average price of $104.45. The bank’s tangible book value per share was $58.19, an increase of 7% year over year. The company declared a quarterly cash dividend of $0.66 per share, payable on November 13, 2026, to shareholders of record as of November 6, 2026.
SouthState will host a conference call on October 22, 2026, at 9 a.m. (ET) to discuss the results. Investors may dial in toll-free at (833) 461-5787 using passcode 728284222.
